RNS Number : 3973J
Thor Mining PLC
17 December 2015
Thursday, 17 December 2015
THOR MINING PLC
Thor Mining PLC ("Thor" or the "Company")
The Directors of Thor Mining PLC (AIM, ASX: THR) today released the following announcement on the Australian Securities Exchange ("ASX") as required under the listing rules of the ASX.
Enquiries:
Mick Billing |
+61 (8) 7324 1935 |
Thor Mining PLC |
Executive Chairman |
Ray Ridge |
+61 (8) 7324 1935 |
Thor Mining PLC |
CFO/Company Secretary |
Colin Aaronson/ Daniel Bush/ Richard Tonthat |
+44 (0) 207 383 5100 |
Grant Thornton UK LLP |
Nominated Adviser |
Gerry Beaney/ David Hignell John Howes/ Mark Treharne |
+44 (0) 207 382 1100 |
Northland Capital Partners Limited |
Broker |
Tim Blythe / Camilla Horsfall |
+44 (0) 207 138 3222 |
Blytheweigh |
Financial PR |
Updates on the Company's activities are regularly posted on Thor's website www.thormining.com, which includes a facility to register to receive these updates by email.
Date: 17 December 2015
Company Announcements Office,
ASX Securities Limited,
20, Bridge Street,
Sydney, N.S.W. 2000
Appendix 3Ys - Issue of Shares (as CDIs) to Directors
The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX THR) advise that a total of 356,898,014 ordinary shares of 0.01p each ("Ordinary Shares") have been issued, as CDIs, to the Directors of the Company, on the 17 December 2015, as follows:
Director |
Shares Issued |
Total Shares Held (Following the Issue) |
Total Shares Held (%) |
M R Billing |
165,281,246 |
285,211,807 |
6.3% |
M K Ashton |
47,904,192 |
114,375,944 |
2.5% |
G M Durack |
47,904,192 |
64,631,900 |
1.4% |
T J Ireland |
47,904,192 |
77,869,897 |
1.7% |
D E Thomas |
47,904,192 |
75,660,470 |
1.7% |
Total |
356,898,014 |
617,750,018 |
13.6% |
The Ordinary Shares were issued, as CDIs, in lieu of cash payment for accrued Director's fees for the period 1 October 2014 to 30 September 2015. In the case of Michael Billing, in addition to his Director's fees, a portion of his consultancy fees for the period 1 September 2014 to 30 September 2015 were also paid by Ordinary Shares, as CDIs, in lieu of cash payment. These arrangements had been proposed by the Directors as a cost saving initiative (subject to the necessary shareholder approval).
The above issue of Ordinary Shares were approved by shareholders at the Annual General Meeting ("AGM") held on 26 November 2015. For further information refer to the Notice of Meeting lodged with the ASX on 23 October 2015.
Following admission of the above shares on 17 December 2015, the Company's total issued share capital comprises of 4,536,387,510 Ordinary Shares. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company following Admission.
The applicable Appendix 3Y's are attached.
For further information, please contact:
THOR MINING PLC
Ray Ridge
Company Secretary and Chief Financial Officer
Tel: +61 8 7324 1935
Fax: +61 8 8351 5169
Email: [email protected]
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
Name of entity: Thor Mining PLC |
ARBN: 121 117 673 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
· Name of Director |
Michael Robert Billing |
Date of last notice |
3 June 2015 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Direct or indirect interest |
Direct & Indirect |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
Michael Billing is: · a trustee and beneficiary of the Lapun Kamap Super Fund and · a director and shareholder of MBB Trading Pty Ltd. |
Date of change |
17 December 2015 |
No. of securities held before change - Direct |
· 10,735,570 CDIs · 2,500,000 AIM listed Shares |
No. of securities held before change - Indirect |
Held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund. · 77,116,697 CDIs Held by MBB Trading Pty Ltd · 29,578,294 CDIs. |
Class |
· CDIs (ASX) · Shares (AIM) |
Number acquired - Direct |
· 47,904,192 CDIs |
Number acquired - Indirect |
· 24,000,000 CDIs held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund. · 93,377,054 CDIs held by MBB Trading Pty Ltd |
Number disposed |
N/A |
Value/Consideration (a) Note: If consideration is non-cash, provide details and estimated valuation |
The Shares were issued in lieu of cash payment for accrued Director's fees for the period 1 October 2014 to 30 September 2015. In addition, a portion of his consultancy fees for the period 1 September 2014 to 30 September 2015 are also being paid by Shares, in lieu of cash payment. The issue of Shares were approved by shareholders at the Annual General Meeting held on 26 November 2015. The value of Director's fees paid by the issue of shares was $40,000 and the value of consulting fees paid by the issue of shares was $98,010. An issue price of $0.000835 was used (being the one month vwap through to 7 October 2015 on the AIM market, converted to AUD at the 7 October 2015 GBP/AUD exchange rate). |
No. of securities held after change - Direct |
· 58,639,762 CDIs · 2,500,000 AIM listed Shares |
No. of securities held after change - Indirect |
Held by Mr M Billing and Mrs B Billing as trustees and beneficiaries of the Lapun Kamap Super Fund. · 101,116,697 CDIs Held by MBB Trading Pty Ltd · 122,955,348 CDI |
Nature of change (b) Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
CDIs were acquired as a result of the approval of a resolution, at the AGM on 26 November 2015, to issue "Remuneration Shares" to directors in lieu of cash payment. See background provided at the above section "Value/Consideration". |
Part 2 - Change of director's interests in contracts
Detail of contract |
|
Nature of interest |
|
Name of registered holder (if issued securities) |
|
Date of change |
|
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed |
|
Interest acquired |
|
Interest disposed |
|
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation |
|
Interest after change |
|
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? |
No. |
If so, was prior written clearance provided to allow the trade to proceed during this period? |
N/A |
If prior written clearance was provided, on what date was this provided? |
N/A |
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
Name of entity: Thor Mining PLC |
ARBN: 121 117 673 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
1 Name of Director |
Michael Ashton |
Date of last notice |
11 November 2014 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Direct or indirect interest |
Direct & Indirect |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
Michael Ashton is a director of: · Ashton Drilling Services Pty Ltd · Mick Ashton Nominees Pty Ltd and owns 100% of the issued share capital of both. · Greenstone Property Pty Ltd and owns a controlling shareholding in that company. |
Date of change |
17 December 2015 |
No. of securities held prior to change -Direct |
Nil |
No. of securities held prior to change- Indirect |
Ashton Drilling Services · 245,569 CDIs Mick Ashton Nominees Pty Ltd. · 63,325,032 CDIs Mick Ashton Superannuation Fund · 350,453 CDIs Greenstone Property Pty Ltd · 2,550,698 CDIs |
Class |
CDIs |
Number acquired - Direct |
Nil |
Number acquired - Indirect |
Mick Ashton Nominees Pty Ltd · 47,904,192 CDIs |
Number disposed |
Nil |
Value/Consideration · Note: If consideration is non-cash, provide details and estimated valuation |
The Shares were issued in lieu of cash payment for accrued Director's fees for the period 1 October 2014 to 30 September 2015. The issue of Shares were approved by shareholders at the Annual General Meeting held on 26 November 2015. The value of Director's fees paid by the issue of shares was $40,000. An issue price of $0.000835 was used (being the one month vwap through to 7 October 2015 on the AIM market, converted to AUD at the 7 October 2015 GBP/AUD exchange rate). |
No. of securities held after change - Direct |
Nil |
No. of securities held after change - Indirect |
Ashton Drilling Services · 245,569 CDIs Mick Ashton Nominees Pty Ltd. · 111,229,224 CDIs Mick Ashton Superannuation Fund · 350,453 CDIs Greenstone Property Pty Ltd · 2,550,698 CDIs |
Nature of change · Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
CDIs were acquired as a result of the approval of a resolution, at the AGM on 26 November 2015, to issue "Remuneration Shares" to directors in lieu of cash payment. See background provided at the above section entitled "Value/Consideration". |
Part 2 - Change of director's interests in contracts
Detail of contract |
|
Nature of interest |
|
Name of registered holder (if issued securities) |
|
Date of change |
|
No. and class of securities to which interest related prior to change · Note: Details are only required for a contract in relation to which the interest has changed |
|
Interest acquired |
|
Interest disposed |
|
Value/Consideration · Note: If consideration is non-cash, provide details and an estimated valuation |
|
Interest after change |
|
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? |
No |
If so, was prior written clearance provided to allow the trade to proceed during this period? |
N/A |
If prior written clearance was provided, on what date was this provided? |
N/A |
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity Thor Mining PLC |
ABN 121 117 673 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director |
Gregory Michael Durack |
Date of last notice |
11 November 2014 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
Direct or indirect interest |
Direct and Indirect |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
Gregory Michael Durack is: · a director of Martineau Resources Pty Ltd, and, · a trustee of the Durack Ekoyenia Superannuation Fund |
Date of change |
17 December 2015 |
No. of securities held prior to change - Direct |
· 3,911,736 CDIs |
No. of securities held prior to change - Indirect |
Martineau Resources Pty Ltd · 322,276 CDIs Durack Ekoyenia Superannuation Fund · 12,493,696 CDIs |
Class |
· CDI Shares |
Number acquired - Direct |
Nil |
Number acquired - Indirect |
· 47,904,192 CDIs held by Martineau Resources Pty Ltd |
Number disposed |
Nil |
Value/Consideration · Note: If consideration is non-cash, provide details and estimated valuation · |
The Shares were issued in lieu of cash payment for accrued Director's fees for the period 1 October 2014 to 30 September 2015. The issue of Shares were approved by shareholders at the Annual General Meeting held on 26 November 2015. The value of Director's fees paid by the issue of shares was $40,000. An issue price of $0.000835 was used (being the one month vwap through to 7 October 2015 on the AIM market, converted to AUD at the 7 October 2015 GBP/AUD exchange rate). |
No. of securities held after change - Direct |
· 3,911,736 CDIs |
No. of securities held after change - Indirect |
Martineau Resources Pty Ltd · 48,226,468 CDIs Durack Ekoyenia Superannuation Fund · 12,493,696 CDIs |
Nature of change · Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
CDIs were acquired as a result of the approval of a resolution, at the AGM on 26 November 2015, to issue "Remuneration Shares" to directors in lieu of cash payment. See background provided at the above section entitled "Value/Consideration". |
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.
Detail of contract |
|
Nature of interest |
|
Name of registered holder (if issued securities) |
|
Date of change |
|
No. and class of securities to which interest related prior to change · Note: Details are only required for a contract in relation to which the interest has changed |
|
Interest acquired |
|
Interest disposed |
|
Value/Consideration · Note: If consideration is non-cash, provide details and an estimated valuation |
|
Interest after change |
|
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? |
No. |
If so, was prior written clearance provided to allow the trade to proceed during this period? |
No. |
If prior written clearance was provided, on what date was this provided? |
N/A |
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
Name of entity: Thor Mining PLC |
ARBN: 121 117 673 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
· Name of Director |
Trevor John Ireland |
Date of last notice |
11 November 2014 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Direct or indirect interest |
Direct and Indirect |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
Shares owned by the Director's spouse, Mrs Carolyn Ireland |
Date of change |
17 December 2015 |
No. of securities held prior to change: Direct. |
29,115,705 CDIs. |
No. of securities held prior to change: Indirect. |
850,000 CDIs |
Class |
CDIs |
Number acquired - Direct |
47,904,192 CDIs |
Number acquired - Indirect |
Nil |
Number disposed - Direct |
Nil |
Value/Consideration (a) Note: If consideration is non-cash, provide details and estimated valuation |
The Shares were issued in lieu of cash payment for accrued Director's fees for the period 1 October 2014 to 30 September 2015. The issue of Shares were approved by shareholders at the Annual General Meeting held on 26 November 2015. The value of Director's fees paid by the issue of shares was $40,000. An issue price of $0.000835 was used (being the one month vwap through to 7 October 2015 on the AIM market, converted to AUD at the 7 October 2015 GBP/AUD exchange rate). |
|
No. of securities held after change: Direct |
77,019,897 CDIs. |
|
No. of securities held after change: Indirect |
850,000 CDIs |
|
Nature of change (b) Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
CDIs were acquired as a result of the approval of a resolution, at the AGM on 26 November 2015, to issue "Remuneration Shares" to directors in lieu of cash payment. See background provided at the above section entitled "Value/Consideration". |
|
Part 2 - Change of director's interests in contracts
Detail of contract |
|
Nature of interest |
|
Name of registered holder (if issued securities) |
|
Date of change |
|
No. and class of securities to which interest related prior to change (c) Note: Details are only required for a contract in relation to which the interest has changed |
|
Interest acquired |
|
Interest disposed |
|
Value/Consideration (d) Note: If consideration is non-cash, provide details and an estimated valuation |
|
Interest after change |
|
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? |
No |
If so, was prior written clearance provided to allow the trade to proceed during this period? |
No |
If prior written clearance was provided, on what date was this provided? |
N/A |
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
Name of entity: Thor Mining PLC |
ARBN: 121 117 673 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
· Name of Director |
David Edward Thomas |
Date of last notice |
11 November 2014 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Direct or indirect interest |
Direct |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
N/A |
Date of change |
17 December 2015 |
No. of securities held prior to change: Direct. |
27,756,278 CDIs |
No. of securities held prior to change: Indirect. |
Nil |
Class |
CDIs |
Number acquired - Direct |
47,904,192 CDIs |
Number acquired - Indirect |
Nil |
Number disposed |
Nil |
Value/Consideration (e) Note: If consideration is non-cash, provide details and estimated valuation |
The Shares were issued in lieu of cash payment for accrued Director's fees for the period 1 October 2014 to 30 September 2015. The issue of Shares were approved by shareholders at the Annual General Meeting held on 26 November 2015. The value of Director's fees paid by the issue of shares was $40,000. An issue price of $0.000835 was used (being the one month vwap through to 7 October 2015 on the AIM market, converted to AUD at the 7 October 2015 GBP/AUD exchange rate). |
No. of securities held after change: Direct |
75,660,470 CDI shares |
No. of securities held after change: Indirect |
Nil |
Nature of change (f) Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
CDIs were acquired as a result of the approval of a resolution, at the AGM on 26 November 2015, to issue "Remuneration Shares" to directors in lieu of cash payment. See background provided at the above section entitled "Value/Consideration". |
Part 2 - Change of director's interests in contracts
Detail of contract |
|
Nature of interest |
|
Name of registered holder (if issued securities) |
|
Date of change |
|
No. and class of securities to which interest related prior to change (g) Note: Details are only required for a contract in relation to which the interest has changed |
|
Interest acquired |
|
Interest disposed |
|
Value/Consideration (h) Note: If consideration is non-cash, provide details and an estimated valuation |
|
Interest after change |
|
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? |
No |
If so, was prior written clearance provided to allow the trade to proceed during this period? |
N/A |
If prior written clearance was provided, on what date was this provided? |
N/A |
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